I have this very same problem and have been procrastinating for over a year now becasue I can not make up my mind on what pattern to use. The patterns I have come up with, cardi type, need more yardage than what I have.
Like yours, my fabric has very little stretch, so I am going for a simple jacket type. Front, back and sleeves, no facings.
The problem is how to finish the edges?

eta: You could play with the cables and do a contrasting direction and add some pockets. I have a sweater like that I bought and it's cute. You might be able to do contrast cable direction on the neckline too. -- Edited on 11/22/11 1:16 PM --

How about Hot Patterns Riviera Cardigan
I made it a few years ago in a wool cashmere blend knit and it's one of my most worn garments. I have some red wool doubleknit that's slated for another version.

Sillknmore, I really hate to tie garments into being worn with just a few things but the first thought that came to mind was a trim shorter version of an open or closed varsity type cardigan with a nice bias edge at least around the neckline and down both sides of the front. Rounded front corners if you left it open or with a catch that just drew the front sides together along the outer edge. Square front center corners if you overlap the front center.

I looked at some of your other pictures and found exactly the type of fabric that came to mind for the bias edging, your gray-purple poly print. A jacket trimmed with that with a matching shell would be very nice and still give you some wiggle room for some other things to go with the jacket.

Something along the line of V7975, particularly if you could rework the front to have no seams and let the fabric put on its own show.

I wonder, too, if a single cable could be worked and shaped into the trim and accented with a heavy stitch in the ditch to delineate it from the fabric in the body of the jacket.

It's very pretty. One thing that comes to mind, not a jacket, is an Audrey Hepburn type dress/jumper, sleeveless, with a lowered boat type neckline and a plain front that extends into a skirt that is somewhere between straight and A-line.

------I have no idea what Apple thought I was saying so be a Peach and credit anything bizarre to auto correct.

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